Is the 'sharing economy' a result of low interest rates?

In my recent exploration of the sharing economy, I've come across an interesting hypothesis: could its rise be linked to low interest rates? It's possible that cheap borrowing costs have encouraged start-ups like Uber and Airbnb to grow exponentially. Additionally, low interest rates could have also led people to seek alternative ways to make money, such as renting out their homes or becoming gig workers. While the connection between the sharing economy and interest rates is not definitive, it's definitely an angle worth considering. As we continue to watch this sector flourish, it will be fascinating to see if any concrete links emerge between the two.

Written by

John Smith, Apr, 27 2023